There was a slight risk-off sentiment in the overnight session with both equities (S&P500 -.26%) and US Treasury yields set to open lower. The main headline over the weekend was Deutsche Bank’s restructuring plans as the bank plans to exit its equities business entirely and cut its workforce by up to one-fifth. This week, the focus will be on Federal Reserve Chairman Powell’s testimony to congress for any additional clues on monetary policy following the better than expected payroll numbers. The Monetary Policy Report that has already been delivered to Congress states the Fed will do what is necessary to ensure a sustained expansion and that lower long-term rates are already providing stimulus to the economy.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
7/8/2019 | Consumer Credit | $17.000b | — | $17.497b | — |
7/9/2019 | NFIB Small Business Optimism | 103.1 | — | 105 | — |
7/9/2019 | JOLTS Job Openings | 7473 | — | 7449 | — |
7/10/2019 | MBA Mortgage Applications | — | — | -0.10% | — |
7/10/2019 | Wholesale Trade Sales MoM | 0.30% | — | -0.40% | — |
7/10/2019 | Wholesale Inventories MoM | 0.40% | — | 0.40% | — |
7/10/2019 | FOMC Meeting Minutes | — | — | — | — |
7/11/2019 | CPI MoM | 0.00% | — | 0.10% | — |
7/11/2019 | CPI Ex Food and Energy MoM | 0.20% | — | 0.10% | — |
7/11/2019 | CPI YoY | 1.60% | — | 1.80% | — |
7/11/2019 | CPI Ex Food and Energy YoY | 2.00% | — | 2.00% | — |
7/11/2019 | CPI Core Index SA | 262.564 | — | 262.032 | — |
7/11/2019 | Initial Jobless Claims | 221k | — | 221k | — |
7/11/2019 | CPI Index NSA | 256.093 | — | 256.092 | — |
7/11/2019 | Continuing Claims | 1683k | — | 1686k | — |
7/11/2019 | Real Avg Hourly Earning YoY | — | — | 1.30% | — |
7/11/2019 | Real Avg Weekly Earnings YoY | — | — | 1.00% | — |
7/11/2019 | Bloomberg Consumer Comfort | — | — | 62.6 | — |
7/11/2019 | Monthly Budget Statement | -$12.5b | — | -$207.8b | — |
7/12/2019 | PPI Final Demand MoM | 0.00% | — | 0.10% | — |
7/12/2019 | PPI Ex Food and Energy MoM | 0.20% | — | 0.20% | — |
7/12/2019 | PPI Ex Food, Energy, Trade MoM | 0.20% | — | 0.40% | — |
7/12/2019 | PPI Final Demand YoY | 1.60% | — | 1.80% | — |
7/12/2019 | PPI Ex Food and Energy YoY | 2.10% | — | 2.30% | — |
7/12/2019 | PPI Ex Food, Energy, Trade YoY | — | — | 2.30% | — |
7/12/2019 | Bloomberg July United States Economic Survey |
Subscribe Today!
Subscribe to our email list and get the latest articles and announcements from ALM First.